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Last year, Mason Inc. had a total assets turnover of 1.82 and an equity multiplier of 1.94. Its sales were $262,000 and its net income

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Last year, Mason Inc. had a total assets turnover of 1.82 and an equity multiplier of 1.94. Its sales were $262,000 and its net income was $17,335. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $6.890 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income in this amount, by how much would the ROE have changed? Express as a decimal (positive indicates ROE increased, negative that it decreased) to 3 decimal places (i.e. not 5.50% but 0.055 ) Your

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